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"The notion that every well educated person would have a mastery of at least the basic elements of the humanities, sciences, and social sciences is a far cry from the specialized education that most students today receive, particularly in the research universities."
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"Trying to educate the dumb with a dumb teacher is nothing but washing the dirty clothes in a dirty water!"
"They spent the first three years of school getting you to pretend stuff and then the rest of it marking you down if you did the same thing."
"Ask yourself how many people you have met who grumbled at a thing as incurable, and how many who attacked it as curable? How many people we have heard abuse the British elementary schools, as they would abuse the British climate? How few have we met who realized that British education can be altered, but British weather cannot?...For a thousand that regret compulsory education, where is the hundred, or the ten, or the one, who would repeal compulsory education? At the beginning of our epoch men talked with equal ease about Reform and Repeal. Now everybody talks about reform; nobody talks about repeal."
"This is what a real teacher does: she opens the gates of our minds to the possibilities of the soul."
Explore more quotes by Joseph E. Stiglitz
"The extra curricular activity in which I was most engaged - debating - helped shape my interests in public policy."
"My teachers helped guide and motivate me; but the responsibility of learning was left with me, an approach to learning which was later reinforced by my experiences at Amherst."
"I recognized that information was, in many respects, like a public good, and it was this insight that made it clear to me that it was unlikely that the private market would provide efficient resource allocations whenever information was endogenous."
"Certainly, the poverty, the discrimination, the episodic unemployment could not but strike an inquiring youngster: why did these exist, and what could we do about them."
"Much of my work in this period was concerned with exploring the logic of economic models, but also with attempting to reconcile the models with every day observation."
"Economists often like startling theorems, results which seem to run counter to conventional wisdom."
"If stability and efficiency required that there existed markets that extended infinitely far into the future - and these markets clearly did not exist - what assurance do we have of the stability and efficiency of the capitalist system?"
"I grew up in a family in which political issues were often discussed, and debated intensely."
"There must have been something in the air of Gary that led one into economics: the first Nobel Prize winner, Paul Samuelson, was also from Gary, as were several other distinguished economists."
"Amherst was pivotal in my broad intellectual development; MIT in my development as a professional economist."
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